FOR IMMEDIATE RELEASE

Media Contact
Conan Knoll
conan@emccommunications.com
(831) 524-6764

Small Business for America’s Future: Senate’s spending spree represents unprecedented fiscal recklessness

Statement by Small Business for America’s Future Co-chair Shaundell Newsome, Founder, Sumnu Marketing, Las Vegas, Nevada on Senate passage of H.R. 1 version that adds trillions to national debt

Washington, D.C., July 1, 2o25– “The Senate's passage of a reconciliation bill that could add at least $3.3 trillion to the national debt is breathtakingly reckless and jeopardizes our economic future. This astronomical spending spree shows the Senate majority has abandoned any pretense of fiscal responsibility, to the detriment of Main Street. 

“At a time when 80% of small businesses fear a recession, this massive borrowing to fund tax cuts for large corporations and the wealthy will drive up interest rates and crowd out the credit small businesses need to grow. This staggering debt increase compounds the fundamental problems with H.R. 1 that already hurts small businesses through massive healthcare cuts that will strip coverage from millions of Americans and enshrine a tax system favoring large corporations over Main Street.

“Small businesses create nearly half of all jobs in America, but this legislation treats us as an afterthought while mortgaging our children's future with unprecedented borrowing. We hope the House will be more responsible.”

To schedule an interview with a representative from Small Business for America's Future, contact Conan Knoll at conan@emccommunications.com or (831) 524-6764.

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About Small Business for America's Future
Small Business for America's Future is a national coalition of small business owners and leaders advocating for policy solutions that promote a thriving, inclusive economy. We work to ensure that lawmakers prioritize the needs of Main Street, advancing a just and equitable economic framework for small business owners, their employees, and their communities. For more information, visit www.smallbusinessforamericasfuture.org.